How to Become a Professional Forex Trader at XM

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There are many advantages to using the XM brokerage. You can access more than 20 languages, and you can get a 100% match bonus if you deposit more than EUR20,000. XM also offers a variety of news and educational resources, and provides both MetaTrader4 and MetaTrader5 platforms. The brokerage has a good reputation and a fair complaints procedure, and you ll be able to get help when you need it.

XM offers over one thousand different assets and 57 forex pairs. In addition to this, it offers traders more than a thousand different stocks from all over the world. This gives traders more options than ever. They can also take advantage of XM s fractional pip pricing for the tightest spreads. This means you ll get the most accurate quotes. XM also offers a no-commission demo account, so you can learn the basics of forex trading before deciding to sign up with a brokerage.

XM offers many educational resources, including online videos. The videos are divided into beginner, intermediate, and advanced levels. All you need is an account to watch the videos. The videos cover everything from introduction to financial markets to fundamental and technical analysis. You can also learn about money management and trading strategies. Additionally, XM offers excellent customer support through email and live chat. The company is open around the clock and is a valuable resource for beginners to advanced traders alike.

You can deposit funds as little as $5. You can use credit cards, bank transfers, or Western Union to fund your account. You can deposit funds in any currency, as long as it s the same one as the XM account. The withdrawal process may take as long as five business days. You can withdraw funds using your chosen method or currency. XM is a great place to start if you re looking for a career in the forex trading market.

XM has variable spreads, including zero pips on the EUR/USD currency pair. You ll have to pay a small commission on each trade, but it s competitive compared to many global brokers. Other fees are minimal, and you ll be able to trade in all major currencies. Moreover, you won t have to worry about being charged for withdrawals or hedging overnight positions.

XM s margin policy allows clients to trade with a leverage of up to 888:1 depending on the account type and size. Leverage requirements remain the same, but clients can ask for more leverage if they feel it s necessary. Remember that the higher the leverage, the higher the risk and potential profit. Before making any decisions, always have a plan in mind. The margin monitor tool helps traders manage their risk.

XM is the next generation broker for new and experienced traders alike. Founded in 2009, the company has won 30 industry awards and boasts over 2.4 billion trades without rejection or re-quotes. XM offers low fees and a comprehensive education section. It also offers low spreads on more than a thousand instruments in seven asset classes. Finally, XM is regulated in multiple jurisdictions, making it a safe and reliable forex broker.

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